Oyo Sportstoys Inc. is considering a move to Marlborough, Mass., that would more than double its manufacturing area, according to a media release from the state Housing and Economic Development office.
The Acton, Mass.-based company, also known as Oyo Sports, makes mini-figure toys that are licensed by the National Football League, Major League Baseball, National Hockey League, Major League Soccer and various college sports teams.
The state Economic Assistance Coordinating Council said that it had approved a program to help Oyo Sportstoys move from Acton to a 65,000-square-foot facility in Marlborough to serve as its new manufacturing site and corporate headquarters. The company currently leases 30,000 square feet of space in Acton.
The statement said Oyo plans to invest $8 million in the project, retain 95 jobs and add 100 more jobs. The state awarded the company $480,000 in tax credits and it will also receive a 10-year tax incentive financing plan from the city of Marlborough that is valued at $140,853.
Company officials did not respond to calls for further information.
Oyo Sportstoys announced the appointment of Scott Healy as president and CEO in October. Tom Skripps, the company founder and former CEO, will be on the board of directors.
The company started in 2011. Last month it added NHL hockey rinks to its list of products. Oyo Sports originally made its products overseas, but has moved most of its production to the United States to be able to respond quickly to changes in the sports scene.
